Despite some suggestions in the press to the contrary, CBO has not yet issued a cost estimate for the FHA-related housing proposal that is under discussion in the House of Representatives. A bill sponsored by Mr. Frank was introduced late today and CBO is reviewing it.

I am testifying this afternoon before the Senate Finance Committee this afternoon on the State Children's Health Insurance Program (SCHIP), crowd-out (that is, the substitution of public insurance coverage for private insurance coverage), and the August 17th directive from the Administration to s